In the next two years, solar power will be cheaper than the electricity grid in the residential sector, says solar energy provider SunSource Energy which on Monday successfully implemented the first two phases of a 100 MW solar project in South East Asia.

Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, Piyush Goyal, in a written reply to a question in Rajya Sabha on Monday informed that as per information provided by the States, 13,872 un-electrified census villages have been reported to be electrified up to 30th June, 2017, out of 18,452 un-electrified villages in the country as on 1st April, 2015.

JSW Energy has put its power equipment manufacturing joint venture with Toshiba on the backburner and is on the verge of calling off its Rs 2,700 crore deal to acquire Bina Power from Jaiprakash Power Ventures, as the company changes its strategy to face the challenges in the sector.

GVK Power & Infrastructure hit a 52-week high of Rs 11.70, extending its Friday’s 20% surge on the National Stock Exchange (NSE), after Equity Intelligence India Private Limited bought an over 1% stake in the company through open market purchases.

State-run Coal India Ltd (CIL) has invited applications from independent power producers to take part in the auction of coal linkages under the Scheme for Harnessing and Allocating Koyala Transparently in India (Shakti), a notice said on Monday.

Independent power generators that do not participate in the announced auction for coal supply or do not offer any discounts on existing tariffs will not get another chance to secure long term coal supply contracts from Coal India, the company has decided.

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 48.10 per barrel (bbl) on 21.07.2017.

Natural gas production during June 2017 was 6.05 per cent higher than production during June 2016. According to an official statement from the Ministry of Petroleum and Natural Gas, India’s gas production during June 2017 stood at 2,755.48 MMSCM.

The country's crude oil output rose 0.24 per cent and natural gas production was up 4.04 per cent in the June quarter of 2017 due to a push from state-run companies like Oil and Natural Gas Corporation (ONGC) and Oil India (OIL).

Oil prices gained on Monday after a steep fall the session before, buoyed by expectations that a joint OPEC and non-OPEC meeting later in the day may address rising output in Nigeria and Libya, two OPEC members so far exempt from a push to cut production.

mjunction services limited, one of the country's largest e-commerce companies and a 50:50 joint venture between Steel Authority of India Ltd and Tata Steel, has been appointed by the Directorate General of Hydrocarbons (DGH) to build a platform for e-bidding, e-evaluation of bids, and e-allocation of oil and gas fields.

It would cost around Rs 7 lakh crore for development of national highways and other roads under various government schemes and proposed Phase-I of Bharatmala programme up to 2021-22, Parliament was told on Monday.

The government has awarded contracts worth over Rs 1.09 lakh crore for two- and four-laning of national highways in Madhya Pradesh, Rajasthan, Chhattisgarh, Maharashtra, Odisha and Jharkhand since 2014-15, Parliament was told on Monday.